“[JAG] will give us the productive capacity that will underpin our drive into the data centre design and build space. This market is becoming increasingly relevant with the current proliferation of cloud infrastructure and data consolidation,” Steyn said.

Pinnacle did not reveal the value of the deal, saying it was below the value of the minimum threshold for category two transactions as stipulated by JSE listing requirements. Pinnacle closed 1c down at R17.01. – Asha Speckman